Following the investigation, Bannister Law announced in late December 2017 that it would be exploring possible shareholder class action into RFG over possible contraventions of provisions of the Corporations Act regarding its stated profit guidance during the first half of its 2018 financial year.

Bannister Law is now working with Australian action group, Franchise Redress, to investigate the possibility of class action on behalf of franchisees. Co-Founder of Franchise Redress, Maddison Johnstone, said Franchise Redress has had contact from over 100 franchisees, many of whom have raised concerns around RFG’s conduct.

“Given the accounts of hardship, it is important to us that franchisees have an avenue of redress for the severe financial distress they’re living with,” Johnstone said.